Fishmeal production up by 5 percent and fish oil up by 8 percent

According to the latest data from IFFO, the marine ingredients organisation, cumulative fish meal production for 2021 has increased by 5 percent, while cumulative fish oil production is up by 8 percent compared to 2020.

The Fish Site
by The Fish Site
10 December 2021, at 11:00am
scientist holding a flask of fish oil
Global fish oil production rose 8 percent in 2021

© Karen Murray

Total cumulative productions of the countries considered in IFFO's reports during the first 10 months of 2021 were higher year on year: fishmeal up by 5 percent, fish oil up by 8 percent.

In terms of fishmeal, Peru, Chile and India continue to be the only countries to report a higher cumulative production in 2021 with respect to the same period in 2020.

Similarly, in terms of fish oil, Peru, Chile, India are the regions that so far have managed to improve their cumulative production during the first 10 months of this year.

China: robust demand for feed from the pig farming sector, aquafeed output rises

The cumulative pig feed output through October confirms robust demand from the pig farming sector in view of the forthcoming New Year´s celebrations around China. The pig sector is struggling to slash over-capacity.

close-up image of ground fish meal
Fishmeal is being incorporated into pig feed

© Karen Murray

Aquaculture is now in off-season, but aquafeed output rose, year on year, in October 2021.

The average price of aquatic products rose year on year, supported by fine trading volumes. Shrimp prices remain generally stable in the main farming areas.